Is Folsom, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Folsom is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Folsom has remained a Seller's Market.

Key Takeaway

Folsom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Folsom, LA

How much do homes in Folsom, LA cost?

Median Sold Price

$400,000

$180/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$252,550(+171.3%)

Key Takeaway

Homes in Folsom have sold for 171.3% more than they did a month ago.

Summary: The median home sold price in Folsom was $400,000 in February 2024, up 171.3% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $149.9K-
N/A
2 $120K-
N/A
3 $304K$400K
+31.6%
4 --
N/A
5+ --
N/A

Summary: Folsom housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Folsom, LA

How many homes are available in Folsom, LA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2223+4.5%

Summary: The Folsom real estate market had 23 homes for sale in February 2024, a 4.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 10
-100.0%
3 1416
+14.3%
4 67
+16.7%
5+ 00
0.0%

Summary: The Folsom housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Folsom, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Folsom in February 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Folsom, LA

How long does it take to sell a home in Folsom, LA?

Average Sale Time

Jan 2024Feb 2024CHANGE
58 Days172 Days+195.6%

Summary: Homes in Folsom had an average of 172 days on market in Feb 2024, up by 195.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Folsom has remained consistent over time.

Summary: During February 2024, 5 homes were sold in Folsom; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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